FICCI welcomes amended Finance Bill-2022

Published : 03 Jul 2022 09:41 PM

The Foreign Investors' Chamber of Commerce and  Industry (FICCI), on behalf of all foreign investors in Bangladesh, welcomed  the amended Finance Bill-2022 recently passed in the parliament. 

The FICCI expressed its sincere gratitude and special thanks to the Prime  Minister Sheikh Hasina and Finance Minister AHM Mustafa Kamal for considering  its request to amend some of the provisions of the Finance Bill-2022.

"We are delighted to observe that the government considered some of the  FICCI's requests on the amended Finance Bill 2022-23, which will definitely  have some positive impact on the businesses of the current foreign investors  in Bangladesh and also act as the catalyst for attracting FDI in different  sectors in Bangladesh," said a press release on Sunday.

It said the FICCI appreciated the government's decision not to impose a tax  on the company's contribution to the Workers' Profit Participation Fund  (WPPF), government's initiatives of increasing the cash transactions limit of  Taka 3.6 million from the proposed 1.2 million to having the reduced  corporate tax rate by 2.5 percent. 

FICCI President Naser Ezaz Bijoy also welcomed the initiative of increasing  the cash transaction limit of Taka 3.6 million to avail the reduced corporate  tax rate by 2.5 percent.

The FICCI also welcomed the amendment of the conditions of submitting the  proof of returns for the companies and firms for getting services from  different service-providing institutions.

The Chamber also expressed its desire to extend its continued support to the  government to work together towards the growth and development of the country  by developing a tax-friendly environment.